From the German finance ministry (via Reuters)

  • German economy remains on a solid growth path
  • Due to strong domestic demand
  • External risks have increased after Britain's decision to leave the European Union
  • Expects German exports to continue to grow at a moderate pace, pointing to strong demand especially from euro zone countries. "However, the development of the world economy is still restrained,"

More:

  • The strong growth rate at the beginning of the year was mainly shaped by special factors such as strong construction activity thanks to a mild winter. The usual spring recovery in construction was therefore pulled forward, meaning this could dampen the rate of economic expansion in the second quarter
  • Rising employment, higher real wages and nearly stable prices are expected to further boost consumers' purchasing power